With the much awaited 650,000 barrels per day Dangote Refinery scheduled for launch by President Muhammadu Buhari on May 22, 2023, there is renewed hope for Nigeria to boost its locally refined capacity by 103.34 million litres per day.
Dangote Group announced the date for the launch of its much-awaited refineries.
Nigeria’s perennial refining problems will be addressed by the multi-billion-dollar Oil Refinery and Petrochemical Company.
According to a report obtained, commissioning will take place on May 22, 2023.
Using this approach could assist the federal government in its efforts to become self-sufficient in refining crude oil locally in order to save precious foreign exchange used in petroleum importation.
The Dangote Refinery complex, located in the Lekki Free Zone area of Lagos State, covers a land area of approximately 2,635 hectares, which is larger than the size of Victoria Island in Lagos.
Its pipeline infrastructure is the largest anywhere in the world, with 1,100 kilometers to handle three billion Standard Cubic Feet per day (Scf/d) of gas due to the large capacity of the refinery.
Reports say that the refinery has a 435MW-capacity power plant that is able to meet the total power requirement of Ibadan Electricity Distribution Company (IBEDC).